Syllabus Ayisha Sereni RE 101

Syllabus Ayisha Sereni RE 101

Real Estate Fundamentals (RE101)

COURSE DETAILS

 

Instructor:       Dr. Ayisha Sereni

Email:                  ASereni@ccp.edu

Office Hours:     By appointment

CRN:                     19777 Section 901

Format:               Online

Semester:           Spring 2019 (January 14, 2019 – May 2, 2019)

Credit Hours:     3-0-3

Textbook:           Modern Real Estate Practice in Pennsylvania 13th Ed. Dearborn Publishers

Catalog Description: Economic, legal and social aspects of real estate under private ownership in the U.S. Among the topics to be discussed will be the agreement of sale, mortgage financing, title and title insurance, settlement, leasing and landlord-tenant relations, planning, zoning, regulations governing land use, Fair Housing legislation and the various aspects of the real estate business. Required by Pennsylvania Real Estate Commission for all candidates for a sales license.

 

Learning Outcomes (LO):

Explain the fundamentals of real estate as an investment and how to protect that investment.

Explain the rights and obligations of a real estate owner.

Describe the fundamental of real estate necessary for an owner to make appropriate decisions about rights and liabilities.

Explain the nine real estate professions and the level of knowledge required to succeed in each.

For those students who anticipate becoming a licensed salesperson:   Successfully complete the Pennsylvania Real Estate Commission’s Salesperson’s Licensing Examination after taking the required Real Estate Practice course and specific cram course for licensing exam.

 

IMPORTANT DATES

 

 

COURSE SCHEDULE

Week 1

1/14/19-1/20/19

Unit 1: Real Property and the Law

Land, Real Estate, and Real Property

Real Property versus Personal Property

Characteristics of Real Estate

Laws Affecting Real Estate

See respective Canvas Module for specific learning activities.

Week 2

1/21/19-1/27/19

 

Unit 2: Land-Use Controls and Property Development

Land-Use Controls

Regulation of Land Development

Private Land-Use Controls

See respective Canvas Module for specific learning activities.

Week 3

1/28/19-2/3/19

Unit 3: Environmental Issues in Real Estate

Hazardous Substances

Groundwater Protection

Environmental Protection Laws

Liability of Real Estate Professionals

See respective Canvas Module for specific learning activities.

Week 4

2/4/19-2/10/19

Unit 4: Legal Descriptions

Methods of Describing Real Estate

Preparing A Survey

Measuring Elevations

See respective Canvas Module for specific learning activities.

Week 5

2/11/19-2/17/19

Unit 5: Interests in Real Estate

Governmental Powers

Estates in Land

Encumbrances

Water Rights

See respective Canvas Module for specific learning activities.

Week 6

2/18/19-2/24/19

Unit 6: Leasehold Estates

Leasehold Estates

Lease Agreements

Discharge of Leases

See respective Canvas Module for specific learning activities.

Week 7

2/25/19-3/3/19

Unit 7: Forms of Real Estate Ownership

Forms of Real Estate Ownership

Ownership of Real Estate by Business Organizations

Condominiums, Cooperatives, and Time-Shares

See respective Canvas Module for specific learning activities.

Week 8

3/4/19-3/10/19

 

SPRING BREAK

CCP CLOSED

Week 9

3/11/19-3/17/19

 

Unit 8: Real Estate Taxes and Liens

Liens

Real Estate Tax Liens

Other Liens on Real Property

See respective Canvas Module for specific learning activities.

Week 10

3/18/19-3/24/19

 

Unit 9: Transfer of Title

Voluntary Alienation

Types of Deeds

Involuntary Alienation

Conveyance of a Decedent’s Property

See respective Canvas Module for specific learning activities.

Week 11

3/25/19-3/31/19

 

Unit 10: Title Records

Public Records

Proof of Ownership

See respective Canvas Module for specific learning activities.

Week 12

4/1/19-4/7/19

 

Unit 11: Real Estate Contracts

Contract Law

Essentials of a Valid Contract

Discharge of Contracts

Contracts Used in the Real Estate Business

See respective Canvas Module for specific learning activities.

Week 13

4/8/19-4/14/19

 

Unit 12: Principles of Real Estate Financing

Introduction to the Real Estate Financing Market

Mortgage Law and Loan Instruments

Provisions of the Note

Provisions of the Mortgage Documents

Foreclosure

See respective Canvas Module for specific learning activities.

Week 14

4/15/19-4/21/19

 

Unit 13: Pennsylvania Real Estate Licensing Law

Purpose of License Laws, Disciplinary Actions, and Recovery Fund

Licensure, Activities, and Procedures

Real Estate Documents and Escrow Requirements

Relationships Between Licensees and Consumers

General Ethical Responsibilities

See respective Canvas Module for specific learning activities.

Final Exam TBA

 

 

 

GRADING CRITERIA

A = 90-100

B = 80-89

C = 70-79

D = 60-69

F = 59 and below

 

 

Learning Activity

Point Value

Discussion Board Expectations Quiz

5%

Discussion Board Participation (13 total)

25%

Self-Assessment Reflection (13 total)

25%

Disciplinary Actions Case Study

10%

PSI Candidate Information Bulletin

5%

Mid-term Exam

15%

Final Exam

15%

Total

100%

 

 

 

 

OFFICIAL POLICIES

Attendance Policy:  Community College of Philadelphia Official Policy requires instructors to take attendance.  A student who does not actively participate in an Online Class will be dropped.  Active participation is defined as logging in to the course and completing the work assigned in each Module.

 

Special Circumstances: Students are encouraged to bring any special circumstances to the attention of the instructor; alternative arrangements may be considered to allow a student to make-up late or missed work.

 

Makeup Policy: Students may be provided extensions or offered a modification to the class schedule for missed class time or coursework; documentation is expected and is at the sole approval of the instructor.

 

To Student Receiving Title IV Financial Aid Funds: Effective Fall 2000, students who receive Title IV financial aid funds and who withdraw from ALL their classes before completion of 60% of the term, i.e., the 10th week (or its equivalent for summer terms) may be required to return all or a portion of their financial aid award.  If it is determined that funds must be returned to the financial aid programs, students must make satisfactory payment arrangements within 45 days of notification or they become ineligible for further financial aid.

 

Community College of Philadelphia's Early Alert Initiative: The system positively intervenes in Community College of Philadelphia's students' academic paths early and appropriately by effectively communicating current performance and supplying information beneficial to academic success. Faculty members have the opportunity to complete Early Alert reports at 20% and 50% reporting periods during the semester. Students will be assessed on the following items: attendance, punctuality, meeting assignment deadlines, classroom behavior, classroom participation and other factors pivotal to student success. Should you receive an Early Alert letter, you should follow up on the suggested intervention strategy as soon as possible.

 

Classroom Conduct: It is expected that students will conduct themselves according to the guidelines found in the CCP College Policies and Procedures Article IV, 5. (Retrieved from College website: http://www.ccp.edu/site/prospective/orientation/orientation_faq.php)

 

Academic Honesty: Except when permitted by your instructor, all work is expected to reflect an individual effort. Attribution should be given when appropriate. All students are expected to understand what constitutes cheating and plagiarism as described in College Policies and Procedures Memorandum #3 (P&P #3). If a violation of P&P#3 is found or suspected, a formal judicial process will be conducted to investigate the violation and the consequences will range from an F for the assignment to an F for the course. Plagiarism, cheating or any other form of Academic Dishonesty will result in the immediate withdrawal from the class and a report will be filed with Academic Affairs.

 

Center on Disability: Students who believe they may need an accommodation based on the impact of a disability should contact me privately to discuss their accommodation form and specific needs as soon as possible, but preferably within the first week of class. If you need to request reasonable accommodations, but do not have an accommodation form, please contact the Center on Disability, room BG-39, phone number 215-751-8050. Students who are registered with the Center on Disability must inform the instructor by the end of the first week of classes if special accommodations are requested.

 

College Closing Policy

The number for the cancellation of evening or weekend classes is #2238. Radio station KYW-AM 1060 will announce the College’s closing number. You are encouraged to sign up for “e2 Campus” which is an emergency notification system.  Go to the MyCCP Home page to sign up for the notification system.

 

 

The instructor reserves the right to change the syllabus at any time.

Students will be notified of any changes.

 

 

Course Summary:

Date Details